business news in context, analysis with attitude

…with brief, occasional, italicized and sometimes gratuitous commentary…

PhillyVoice reports that Ahold Delhaize-owned Giant will open its second small/urban format Heirloom Market in Philadelphia next month, in the University City neighborhood. “Giant also said it will be opening three additional Heirloom Markets after the initial success of the Graduate Hospital location. Stores in Northern Liberties and Queen Village are scheduled to open by the year's end.

Reuters reported over the weekend that the US Centers for Disease Control and Prevention (CDC) is saying that “ two people have died following a multi-state outbreak of salmonella infections linked to backyard poultry … One death was reported in Ohio and the other one in Texas … An additional 489 people with salmonella infections have been added to an ongoing investigation since the last update in June, the CDC said, taking the total to 768 cases from 48 states.”

To be honest, I had to look up what “backyard poultry” was. According to a website called OutbreakNewsToday - and I’m sort of perplexed that such a site exists - the term refers to chicks and ducklings that have been acquired “from several sources, including agricultural stores, websites, and hatcheries.” Which sounds like a pretty good argument to buy one’s food from a reputable food store.

• The Wall Street Journal reports that some traditional CPG companies, “facing stagnant sales of household mainstays from diapers to detergent,” are embracing a new approach - they “are trying to crack the lucrative market for influencer-pitched, millennial-approved skin-care products.

“Household-goods makers such as Procter & Gamble Co., Colgate-Palmolive Co. and Unilever have begun snapping up skin-care startups selling pricey creams, serums and lotions - long the domain of beauty companies - while relying on Instagram and Sephora, a U.S. beauty chain, to drive sales instead of drugstores and shopping malls. … In the past two years, consumer-products companies acquired nearly a dozen skin-care brands, far more activity than in previous years, according to Dealogic.”
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